This is what you need to know on Tuesday, April 22:
The US dollar (USD) accelerated its fall in a small trade on Monday, since most Asian and European markets remained closed due to Easter holidays. The dollar fell to new minimums of several months compared to all its main rivals, since investors continued to lose confidence in the US economy.
The president of the United States (USA) Donald Trump criticized last week to the president of the Federal Reserve (Fed) Jerome Powell, threatening to dismiss him from his position. Trump doubled the bet on Monday, accusing Powell of lowering interest rates at the end of 2024 for political purposes. Trump added that “there is practically no inflation” and called Powell Mr. too late and a big loser.
Wall Street collapsed, with the three main indices losing approximately 3% each.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the weakest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.08% | -0.61% | -0.96% | -0.14% | -0.58% | -1.23% | -1.09% | |
| EUR | 1.08% | 0.31% | 0.11% | 0.91% | 0.31% | -0.19% | -0.04% | |
| GBP | 0.61% | -0.31% | -0.04% | 0.60% | -0.01% | -0.50% | -0.35% | |
| JPY | 0.96% | -0.11% | 0.04% | 0.82% | 0.24% | -0.16% | -0.11% | |
| CAD | 0.14% | -0.91% | -0.60% | -0.82% | -0.57% | -1.10% | -0.94% | |
| Aud | 0.58% | -0.31% | 0.00% | -0.24% | 0.57% | -0.48% | -0.34% | |
| NZD | 1.23% | 0.19% | 0.50% | 0.16% | 1.10% | 0.48% | 0.17% | |
| CHF | 1.09% | 0.04% | 0.35% | 0.11% | 0.94% | 0.34% | -0.17% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
The US dollar index touched back on 97.91, its lowest level since March 2022, bouncing to the 98.30 region before daily closure.
Gold was the great winner, reaching a new historical maximum of $ 3,430.
The EUR/USD torque quotes above the level of 1,1500 for the first time in more than three years, while the GBP/USD flirted with the level of 1,3400 before some PIPS retreat, still quoting at levels not seen since October 2024.
The USD/JPY torque fell to the current region of 140.60, pressing its minimums intradic early in the Asian session.
Finally, the currencies linked to raw materials interrupted their initial rallies against the US dollar amid the collapse of the shares, but both the AUD and the CAD ended the day with profits against the USD.
In the data front, the macroeconomic calendar will remain scarce on Tuesday, with the focus on US political and fiscal problems.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
